On December 8, 2025, SOL was in a short-term consolidation phase, with the previous downward momentum having eased. Bulls and bears were locked in a battle around key support and resistance levels. Below is the specific technical analysis from Wan Laoda that evening $SOL ‌#美联储降息预测 :

1. Overall Trend and Key Levels: As of the daytime, SOL was trading around $131.8. The key resistance to watch is the neckline at $144.75; a breakout above this level could push the price toward the psychological barrier at $150. On the support side, the $125 - $127 range is a significant demand zone recently, with strong support at $121 - $123. If this area is breached, the price may further drop to the low of $112.

2. Daily Chart: The RSI had previously slipped to 32, hovering just above the traditional oversold zone, suggesting that downward pressure may be waning. Although the MACD remains slightly bullish above the signal line, overall, the price is still under bearish pressure. If the MACD crosses below the signal line, it would confirm the return of bearish momentum, signaling a risk of further decline. Currently, the price is at the lower boundary of the long-term ascending structure, a position that has triggered rebounds multiple times in the past.

3. 4-Hour Chart: A clear double bottom pattern has formed, with the two lows near $121 and $123. The price is currently below the neckline resistance of this pattern. A strong close above the $144.75 neckline with increased volume would confirm the pattern, indicating an upside target around $166.30. Conversely, if the price continues to face resistance, it may retest the double bottom support levels.

4. Short-term Chart: On the 1-hour chart, a hanging man pattern appeared at 4 AM that day, often signaling a lack of upward momentum in the short term. Additionally, the hourly CMF indicator is below -0.05, indicating significant capital outflow. The likelihood of a strong, sustained rally is low, and the probability of continued consolidation is high.